AMD Q4 2024 Earnings: Datacenter Dominance, but Gaming Slumps
2025-02-06
AMD reported impressive Q4 2024 and full-year results, with total revenue reaching $7.658 billion, a 24% year-over-year increase. The datacenter business was a standout performer, achieving record revenue of $3.86 billion, surpassing Intel for the first time and establishing AMD as the leading datacenter CPU vendor. However, sales of Instinct MI300-series GPUs fell slightly short of expectations. The client business saw strong growth, with revenue up 58% year-over-year. Conversely, the gaming segment experienced a significant downturn, with revenue plummeting 59% year-over-year. The embedded segment also saw a moderate decline. Overall, 2024 was a record year for AMD, but the weakness in the gaming sector is a concern.
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